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Author: DrtThrwingMonkey Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 214228  
Subject: Re: How to revive newspapers Date: 3/6/2013 2:33 PM
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...I hope the investments don't get bigger. For example, the LA Times and Chicago Tribune are both on the market and reporters are speculating that Berkshire may be a logical acquirer (probably nothing to these rumors)


I share your hope and trust. I think those 2 papers are good examples of hopeless cases, with terminal decline ending in bankruptcy. There are just too many alternative news sources for LA or Chicago residents, many of them superior to those papers, often for free.

I think the kind of paper Berkshire is more likely to be interested are not like the Washington Post and Buffalo News (which Buffett will hold onto for traditional reasons), but rather more like The Eagle from Bryan-College Station and the Waco Tribune-Herald (of which we are the proud owners), based in places where alternative local news is difficult or impossible to find.

The nice thing about these papers is that Buffett could probably buy all of them without really moving the needle. And in this case, I WANT the needle not to be moved...

Regards, DTM
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